Calgary Mortgage Broker Explanations
Mortgage Subjects and Concepts Explained
Discover a wealth of knowledge on mortgages, real estate, and economics. Our extensive collection of informative pages covers a wide range of topics, providing valuable insights and explanations you need to navigate the complex world of mortgages. From understanding key concepts to exploring in-depth subjects, we’ve got you covered. Dive into our carefully curated content and empower yourself with the information you need to make informed decisions. Whether you’re a first-time homebuyer or a seasoned investor, our comprehensive resources will help demystify the mortgage landscape.
Soft vs Hard Credit Inquiries in Canada
Learn the difference between a soft and a hard credit check in Canada - and exception on how many hard inquires you can do when you apply for a mortgage.
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Gross Domestic Product
Overview Have you ever wondered how economists measure a country’s economy and its growth? They use a special number called Gross Domestic Product, or GDP for short. GDP helps us understand the size and health of a country’s economy. In this article, we will explore what GDP is and how it affects inflation, which is […]
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Explained: Mortgage Penalties and Interest Rate Differential (IRD)
A mortgage penalty is incurred when you make a change to your mortgage before your term is up. This could be paying it off in full due to selling your home, or it could be for allowing a refinance to change lenders, mortgage rate, mortgage amount, or amortization. In Canada, banks and mortgage lenders calculate […]
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Overnight Rate
Explore the Bank of Canada's Overnight Rate: its definition, influence on borrowing costs, and role in shaping the economy. Clear insights into monetary policy and financial markets.
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Monoline Mortgage Lenders
Understand the role of monoline lenders in Canada's mortgage landscape: specialized lending entities offering competitive rates and tailored mortgage solutions.
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Explained: How Mortgages are Approved
Securing a mortgage approval in Canada can be a pivotal step towards realizing your dream of owning a home. While the process may seem daunting, understanding the key factors that lenders consider can significantly increase your chances of success. Whether you’re a first-time homebuyer or a seasoned homeowner, as a Calgary Mortgage Broker, I put […]
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Debt Service Ratios: GDS & TDS
Learn about GDS and TDS Debt Service Ratios from a Calgary Mortgage Broker. Understand industry guidelines, and factors affecting ratios for your mortgage.
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Explained: Mortgage Stress Test
The Canadian Mortgage Stress Test: What it is, how it impacts borrowers, qualifying rates, exemptions, and navigating for mortgage approval.
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Mortgage Default Insurance Explained
Canadian mortgage default insurance: eligibility criteria, primary providers like CMHC, premium rates based on loan-to-value ratios, considerations, and informed decision-making for prospective homebuyers.
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Navigating the Approval Process: Your Path to Mortgage Approval with a Calgary Mortgage Broker
Getting pre-approved for a mortgage is a crucial step in the home-buying process. It provides you with an estimate of the loan amount you may qualify for, helping you set realistic expectations and empowering you during your property search. To help you understand the process, here’s a breakdown of the steps involved in obtaining a […]
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Negative Amortization
Negative Amortization is a unique "feature" of a fixed payment variable rate mortgage when monthly payments fail to cover interest and principal, resulting in a growing loan balance.
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Gain insights into the causes and impacts of inflation in Canada, focusing on its significance in real estate and mortgage services, and the strategies employed by the Bank of Canada for price stability.
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Rental Property Financing
Explore financing rental properties with expert guidance from Mortgages for Less. Navigate documentation, secure funding, and optimize investments for success.
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